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	<section id="tutorials-recipes-understanding-dynamic-global-properties" class="row tutorials-recipes-understanding-dynamic-global-properties">
	<h3>
		<a id="tutorials-recipes-understanding-dynamic-global-properties">
			Understanding Dynamic Global Properties
			
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	</h3>
	
		<p class="description">Maintains global state information</p>
	

	<h3 id="intro">Intro</h3>

<p>Dynamic Global Properties represents a set of values that are calculated during normal chain operations and reflect the current values of global blockchain properties.</p>

<p><a href="#example-method-call">The API</a> returns an object containing information that changes every block interval such as the head block number, the total vesting fund, etc.</p>

<h3 id="sections">Sections</h3>

<ul>
  <li>Fields
    <ul>
      <li><a href="#head_block_number">head_block_number</a></li>
      <li><a href="#head_block_id">head_block_id</a></li>
      <li><a href="#time">time</a></li>
      <li><a href="#current_witness">current_witness</a></li>
      <li><a href="#total_pow">total_pow</a></li>
      <li><a href="#num_pow_witnesses">num_pow_witnesses</a></li>
      <li><a href="#virtual_supply">virtual_supply</a></li>
      <li><a href="#current_supply">current_supply</a></li>
      <li><a href="#confidential_supply">confidential_supply</a></li>
      <li><a href="#current_sbd_supply">current_sbd_supply</a></li>
      <li><a href="#confidential_sbd_supply">confidential_sbd_supply</a></li>
      <li><a href="#total_vesting_fund_steem">total_vesting_fund_steem</a></li>
      <li><a href="#total_vesting_shares">total_vesting_shares</a></li>
      <li><a href="#total_reward_fund_steem">total_reward_fund_steem</a></li>
      <li><a href="#total_reward_shares2">total_reward_shares2</a></li>
      <li><a href="#sbd_interest_rate">sbd_interest_rate</a></li>
      <li><a href="#maximum_block_size">maximum_block_size</a></li>
      <li><a href="#current_aslot">current_aslot</a></li>
      <li><a href="#recent_slots_filled">recent_slots_filled</a></li>
      <li><a href="#last_irreversible_block_num">last_irreversible_block_num</a></li>
      <li><a href="#vote_power_reserve_rate">vote_power_reserve_rate</a></li>
      <li><a href="#average_block_size">average_block_size</a></li>
      <li><a href="#current_reserve_ratio">current_reserve_ratio</a></li>
      <li><a href="#max_virtual_bandwidth">max_virtual_bandwidth</a></li>
    </ul>
  </li>
  <li><a href="#not-covered">Not Covered</a></li>
  <li><a href="#example-method-call">Example Method Call</a></li>
  <li><a href="#example-output">Example Output</a></li>
</ul>

<h3 id="head_block_number"><code class="highlighter-rouge">head_block_number</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Block height at the head of the blockchain.  This represents the latest block produced by witnesses.</p>

<ul>
  <li>example: <code class="highlighter-rouge">24155032</code></li>
</ul>

<h3 id="head_block_id"><code class="highlighter-rouge">head_block_id</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Used to implement TaPoS (Transaction as Proof of Stake).  The first 4 bytes (8 hex digits) of the block ID represents the block number.  E.g., <code class="highlighter-rouge">01709398</code> in hex is <code class="highlighter-rouge">24155032</code> in decimal.</p>

<ul>
  <li>example: <code class="highlighter-rouge">0170939865fa4e3aa7fca8f8df35d23333fe0bee</code></li>
  <li>see: <a href="https://en.wikipedia.org/wiki/RIPEMD#RIPEMD-160_hashes">RIPEMD-160 hashes</a></li>
</ul>

<h3 id="time"><code class="highlighter-rouge">time</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Point in time (UTC) that the block was included in the chain.</p>

<p>Used to synchronize events like Hard Fork activation.</p>

<p>When attempting to calculate the validity of a transaction we need to lookup a past block and check its block hash and the time it occurred so we can calculate whether the current transaction is valid and at what time it should expire.</p>

<p>For new transactions, expirations originate from this time.</p>

<ul>
  <li>example: <code class="highlighter-rouge">2018-07-14T01:19:51</code></li>
</ul>

<h3 id="current_witness"><code class="highlighter-rouge">current_witness</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Account name of the current witness.</p>

<ul>
  <li>example: <code class="highlighter-rouge">blocktrades</code></li>
</ul>

<h3 id="total_pow"><code class="highlighter-rouge">total_pow</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<ul style="float: right; list-style: none;">
<li class="warning"><strong><small>Deprecated</small></strong></li>
</ul>

<p>The total POW accumulated, aka the sum of <code class="highlighter-rouge">num_pow_witness</code> at the time new POW is added.</p>

<ul>
  <li>example: <code class="highlighter-rouge">514415</code></li>
</ul>

<h3 id="num_pow_witnesses"><code class="highlighter-rouge">num_pow_witnesses</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<ul style="float: right; list-style: none;">
<li class="warning"><strong><small>Deprecated</small></strong></li>
</ul>

<p>The current count of how many pending POW witnesses there are, determines the difficulty of doing pow.</p>

<ul>
  <li>example: <code class="highlighter-rouge">172</code></li>
</ul>

<h3 id="virtual_supply"><code class="highlighter-rouge">virtual_supply</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>The virtual supply is the supply of all STEEM + all SBD if all SBD were converted to STEEM at the current median price.</p>

<ul>
  <li>example: <code class="highlighter-rouge">283290592.652 STEEM</code></li>
</ul>

<h3 id="current_supply"><code class="highlighter-rouge">current_supply</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>STEEM currently in existence.</p>

<ul>
  <li>example: <code class="highlighter-rouge">271546371.129 STEEM</code></li>
</ul>

<h3 id="confidential_supply"><code class="highlighter-rouge">confidential_supply</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Total asset held in confidential balances.</p>

<ul>
  <li>example: <code class="highlighter-rouge">0.000 STEEM</code></li>
</ul>

<h3 id="current_sbd_supply"><code class="highlighter-rouge">current_sbd_supply</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>SBD currently in existence.</p>

<ul>
  <li>example: <code class="highlighter-rouge">15478883.968 SBD</code></li>
</ul>

<h3 id="confidential_sbd_supply"><code class="highlighter-rouge">confidential_sbd_supply</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Total asset held in confidential balances.</p>

<ul>
  <li>example: <code class="highlighter-rouge">0.000 SBD</code></li>
</ul>

<h3 id="total_vesting_fund_steem"><code class="highlighter-rouge">total_vesting_fund_steem</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>STEEM that is invested in STEEM POWER (powered up).</p>

<ul>
  <li>example: <code class="highlighter-rouge">192713261.007 STEEM</code></li>
</ul>

<h3 id="total_vesting_shares"><code class="highlighter-rouge">total_vesting_shares</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>VESTS that are invested in STEEM POWER (powered up).</p>

<ul>
  <li>example: <code class="highlighter-rouge">390950506702.452773 VESTS</code></li>
</ul>

<h3 id="total_reward_fund_steem"><code class="highlighter-rouge">total_reward_fund_steem</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>STEEM available in the reward pool.</p>

<ul>
  <li>example: <code class="highlighter-rouge">0.000 STEEM</code></li>
</ul>

<h3 id="total_reward_shares2"><code class="highlighter-rouge">total_reward_shares2</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Number of shares in the pool.</p>

<ul>
  <li>example: <code class="highlighter-rouge">0</code></li>
</ul>

<h3 id="sbd_interest_rate"><code class="highlighter-rouge">sbd_interest_rate</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>This property defines the interest rate that SBD deposits receive.</p>

<ul>
  <li>example: <code class="highlighter-rouge">0</code></li>
</ul>

<h3 id="maximum_block_size"><code class="highlighter-rouge">maximum_block_size</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Maximum block size is decided by the set of active witnesses which change every round.  Each witness posts what they think the maximum size should be as part of their witness properties, the median size is chosen to be the maximum block size for the round.</p>

<p><strong>Note:</strong> the minimum value for <code class="highlighter-rouge">maximum_block_size</code> is defined by the protocol to prevent the network from getting stuck by witnesses attempting to set this too low.</p>

<ul>
  <li>example: <code class="highlighter-rouge">65536</code></li>
</ul>

<h3 id="current_aslot"><code class="highlighter-rouge">current_aslot</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>The current absolute slot number.  Equal to the total number of slots since genesis.  Also equal to the total number of missed slots plus <code class="highlighter-rouge">head_block_number</code>.</p>

<ul>
  <li>example: <code class="highlighter-rouge">24231997</code></li>
</ul>

<h3 id="recent_slots_filled"><code class="highlighter-rouge">recent_slots_filled</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Used to compute witness participation.</p>

<ul>
  <li>example: <code class="highlighter-rouge">340282366920938463463374607431768211455</code></li>
</ul>

<h3 id="last_irreversible_block_num"><code class="highlighter-rouge">last_irreversible_block_num</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>The latest block number that has been confirmed by two thirds of all block producers and is thus irreversible.</p>

<ul>
  <li>example: <code class="highlighter-rouge">24155017</code></li>
</ul>

<h3 id="vote_power_reserve_rate"><code class="highlighter-rouge">vote_power_reserve_rate</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>The number of votes regenerated per day.  Any user voting slower than this rate will be “wasting” voting power through spillover; any user voting faster than this rate will have their votes reduced.</p>

<ul>
  <li>example: <code class="highlighter-rouge">10</code></li>
</ul>

<h3 id="average_block_size"><code class="highlighter-rouge">average_block_size</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Average block size is updated every block to be: <code class="highlighter-rouge">average_block_size = (99 * average_block_size + new_block_size) / 100</code>.  This property is used to update the <code class="highlighter-rouge">current_reserve_ratio</code> to maintain approximately *  50% or less utilization of network capacity.</p>

<ul>
  <li>example: <code class="highlighter-rouge">9309</code></li>
</ul>

<h3 id="current_reserve_ratio"><code class="highlighter-rouge">current_reserve_ratio</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Any time <code class="highlighter-rouge">average_block_size &lt;= 50% maximum_block_size</code> this value grows by 1 until it reaches <code class="highlighter-rouge">STEEM_MAX_RESERVE_RATIO</code>.  Any time <code class="highlighter-rouge">average_block_size</code> is greater than 50% it falls by 1%.  Upward adjustments happen once per round, downward adjustments happen every block.</p>

<ul>
  <li>example: <code class="highlighter-rouge">200000000</code></li>
</ul>

<h3 id="max_virtual_bandwidth"><code class="highlighter-rouge">max_virtual_bandwidth</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>The maximum bandwidth the blockchain can support is <code class="highlighter-rouge">max_bandwidth = maximum_block_size * STEEM_BANDWIDTH_AVERAGE_WINDOW_SECONDS / STEEM_BLOCK_INTERVAL</code>; The maximum virtual bandwidth is: <code class="highlighter-rouge">max_bandwidth * current_reserve_ratio</code></p>

<ul>
  <li>example: <code class="highlighter-rouge">264241152000000000000</code></li>
</ul>

<h3 id="not-covered"><code class="highlighter-rouge">Not Covered</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Fields not covered in this recipe are:</p>

<ul>
  <li><code class="highlighter-rouge">pending_rewarded_vesting_shares</code></li>
  <li><code class="highlighter-rouge">pending_rewarded_vesting_steem</code></li>
  <li><code class="highlighter-rouge">sbd_print_rate</code></li>
  <li><code class="highlighter-rouge">participation_count</code></li>
</ul>

<h3 id="example-method-call">Example Method Call<a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>To retrieve the current results for <a href="https://developers.steem.io/apidefinitions/#condenser_api.get_dynamic_global_properties"><code class="highlighter-rouge">condenser_api.get_dynamic_global_properties</code></a>, we can retrieve the current state information using <code class="highlighter-rouge">curl</code>:</p>

<div class="language-bash highlighter-rouge"><pre class="highlight"><code>curl -s --data <span class="s1">'{"jsonrpc":"2.0", "method":"condenser_api.get_dynamic_global_properties", "params":[], "id":1}'</span> https://api.steemit.com
</code></pre>
</div>

<h3 id="example-output">Example Output<a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<div class="language-json highlighter-rouge"><pre class="highlight"><code><span class="p">{</span><span class="w">
   </span><span class="nt">"id"</span><span class="p">:</span><span class="mi">1</span><span class="p">,</span><span class="w">
   </span><span class="nt">"jsonrpc"</span><span class="p">:</span><span class="s2">"2.0"</span><span class="p">,</span><span class="w">
   </span><span class="nt">"result"</span><span class="p">:{</span><span class="w">
      </span><span class="nt">"head_block_number"</span><span class="p">:</span><span class="mi">24238248</span><span class="p">,</span><span class="w">
      </span><span class="nt">"head_block_id"</span><span class="p">:</span><span class="s2">"0171d8a833dc369abd034b0c67d8725f96df9e5b"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"time"</span><span class="p">:</span><span class="s2">"2018-07-16T22:41:24"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"current_witness"</span><span class="p">:</span><span class="s2">"xeldal"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"total_pow"</span><span class="p">:</span><span class="mi">514415</span><span class="p">,</span><span class="w">
      </span><span class="nt">"num_pow_witnesses"</span><span class="p">:</span><span class="mi">172</span><span class="p">,</span><span class="w">
      </span><span class="nt">"virtual_supply"</span><span class="p">:</span><span class="s2">"283434761.199 STEEM"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"current_supply"</span><span class="p">:</span><span class="s2">"271729171.190 STEEM"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"confidential_supply"</span><span class="p">:</span><span class="s2">"0.000 STEEM"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"current_sbd_supply"</span><span class="p">:</span><span class="s2">"15498201.173 SBD"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"confidential_sbd_supply"</span><span class="p">:</span><span class="s2">"0.000 SBD"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"total_vesting_fund_steem"</span><span class="p">:</span><span class="s2">"192913644.627 STEEM"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"total_vesting_shares"</span><span class="p">:</span><span class="s2">"391296886352.617261 VESTS"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"total_reward_fund_steem"</span><span class="p">:</span><span class="s2">"0.000 STEEM"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"total_reward_shares2"</span><span class="p">:</span><span class="s2">"0"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"pending_rewarded_vesting_shares"</span><span class="p">:</span><span class="s2">"379159224.860656 VESTS"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"pending_rewarded_vesting_steem"</span><span class="p">:</span><span class="s2">"185294.019 STEEM"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"sbd_interest_rate"</span><span class="p">:</span><span class="mi">0</span><span class="p">,</span><span class="w">
      </span><span class="nt">"sbd_print_rate"</span><span class="p">:</span><span class="mi">2933</span><span class="p">,</span><span class="w">
      </span><span class="nt">"maximum_block_size"</span><span class="p">:</span><span class="mi">65536</span><span class="p">,</span><span class="w">
      </span><span class="nt">"current_aslot"</span><span class="p">:</span><span class="mi">24315228</span><span class="p">,</span><span class="w">
      </span><span class="nt">"recent_slots_filled"</span><span class="p">:</span><span class="s2">"340282366920938463463374607431768211400"</span><span class="p">,</span><span class="w">
      </span><span class="nt">"participation_count"</span><span class="p">:</span><span class="mi">128</span><span class="p">,</span><span class="w">
      </span><span class="nt">"last_irreversible_block_num"</span><span class="p">:</span><span class="mi">24238230</span><span class="p">,</span><span class="w">
      </span><span class="nt">"vote_power_reserve_rate"</span><span class="p">:</span><span class="mi">10</span><span class="p">,</span><span class="w">
      </span><span class="nt">"average_block_size"</span><span class="p">:</span><span class="mi">10950</span><span class="p">,</span><span class="w">
      </span><span class="nt">"current_reserve_ratio"</span><span class="p">:</span><span class="mi">200000000</span><span class="p">,</span><span class="w">
      </span><span class="nt">"max_virtual_bandwidth"</span><span class="p">:</span><span class="s2">"264241152000000000000"</span><span class="w">
   </span><span class="p">}</span><span class="w">
</span><span class="p">}</span><span class="w">
</span></code></pre>
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